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Month: August 2021

Residents move a cart with gas cans through a flooded neighborhood on Tuesday in Barataria

With Ida leaving nearly 1 million power outages, Louisiana residents now face gas shortages and dwindling supplies

By Madeline Holcombe and Jason Hanna, CNN Hardships are compounding for southeast Louisiana residents days after Hurricane Ida crushed the area: With no electricity service in dangerous heat, families are scrambling to find food and gas as supplies dwindle. In the hard-hit city of LaPlace, west of New Orleans, Rae McMurray was one of numerous… Continue Reading
Facebook is changing its company name to reflect its future ambitions and confronts wide-ranging scrutiny of the real-world harms from its various platforms after a whistleblower leaked hundreds of internal documents.

There’s another big risk brewing in China

CNN By Julia Horowitz, CNN Business There are a number of reasons for global investors to be keeping close watch on China, from signs its economy is slowing to Beijing’s disruptive crackdown on private business. But the list doesn’t end there. What’s happening: Evergrande, one of China’s largest property developers, is in dire straits. It… Continue Reading
China's sweeping crackdown on businesses has cost investors $3 trillion. Pictured is the Shanghai Stock Exchange Building in Shanghai

China’s ‘revolution’ cost investors $3 trillion. So why aren’t they running scared?

By Laura He, CNN Business Heavyweight global investment firms are sticking with China despite a sweeping crackdown on business by the ruling Communist Party that has wiped $3 trillion off the market value of the country’s biggest companies. Even as authorities rip up the status quo for tech, education and other private enterprise, drawing comparisons… Continue Reading
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